Puttout Limited

Puttout Limited, based in London, UK, is a small, active company founded four years ago in 2021. With £627,699 in assets, it operates from a real address and is led by three directors and three owners. The company runs an e-commerce site specializing in the wholesale and retail of household goods, with a particular focus on toys, games, and sports equipment. It regularly imports these items (for three months) and exports them (for four months), with the latest activity recorded in October 2024.

The company’s website, PuttOUT Golf, showcases a range of training aids designed to improve putting skills. From pressure putt trainers to compact mirrors and putting mats, the site caters to golfers of all levels, emphasizing realistic practice and convenient, at-home training. It even offers bundles and video tutorials to enhance the learning experience. The site’s design is modern and user-friendly, highlighting the products’ features and benefits.

Financially, Puttout Limited presents a mixed picture. While cash reserves increased dramatically by 270,000%, reaching £290,000, net assets plummeted 4700%, ending at £55,000. This is largely due to a significant increase in creditors, which jumped 9900% to £410,000 within one year. Bank borrowings remained steady at £310,000. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the substantial equity drop is concerning. Average number of employees increased to seven, suggesting some growth in operational needs. As a small company, it is exempt from an audit, so the financials are unaudited.

In short, Puttout Limited appears to be growing its business, particularly on the sales side, but it's also facing challenges in managing its liabilities. The company’s focus on a niche market and its commitment to product innovation could help it overcome these hurdles, but careful financial management will be essential for long-term success.

Registered in England/Wales under the registration number 13180738, with a registered address at W1T 2HN, England, London, 2-3 Scala Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.